AFRICAN NEWS |

Seychelles in talks with EU on US$33.29m sustainable fisheries deal

20 Aug 2019

SEYCHELLES - Seychelles and the European Union (EU) have initiated the first round of negotiations for a new Sustainable Fisheries Partnership Agreement and Protocol worth US$33.29 million. The Sustainable Fisheries...

Shoprite reports 18.2% decline in full year profits despite growth in sales

20 Aug 2019

SOUTH AFRICA – Africa’s largest retail chain, Shoprite reported 18.2 percent decline in full year net profit to US$ 273.12 million (R4.2bn) as the South African retailer struggled to lift...

Kenya Partners South Korea on agricultural project to boost productivity

20 Aug 2019

KENYA – The government of Kenya has partnered with South Korea on an agricultural mechanisation project that seeks to increase productivity. The governments will work jointly under the Korea Africa...

Danish Brewing acquires Carlsberg distributor in Kenya King Beverage

20 Aug 2019

KENYA – Danish Brewing East Africa Limited, a subsidiary of Bounty Global Management firm, has acquired Carlsberg and Tuborg beers distributor in Kenya, King Beverage Limited from Centum Investment. Established...

Rwanda’s Skol Brewery introduces new look for Skol lager

19 Aug 2019

RWANDA - Skol Brewery, has unveiled a new look for one its beer brands, Skol Lager, in a new campaign that seeks to increase its dominance in the alcoholic beverage...

Nampak Zimbabwe reports growth amid unfavourable investment environment

19 Aug 2019

ZIMBABWE - Paper and packaging giant, Nampak Zimbabwe says its capital expenditure projects remain curtailed after it suspended all credit extensions and capital injection by the major shareholder, reports the...

CK Asset to acquire UK pub company Greene King for US$3.27bn

20 Aug 2019

UK- CK Asset Holdings, a Hong-Kong based property investment firm has entered into an agreement to acquire UK pub and beer company Greene King for US$3.27 billion (£2.7 billion). Greene...

Maple Leaf Foods chief financial officer to stepdown, launches search for successor

20 Aug 2019

CANADA - Maple Leafs Foods, a major Canadian consumer packaged meats company, has announced that its Chief Financial Officer (CFO), Debbie Simpson has decided to leave her position effective November...

Plant-based foods associated with a lower risk of heart diseases, study shows

20 Aug 2019

USA - Diets higher in plant foods and lower in animal foods are associated with a lower risk of cardiovascular disease and mortality in a general population, according to new...

Ajinomoto to invest US$84.9m in relocating Malaysian subsidiary

20 Aug 2019

MALAYSIA – Japanese headquartered seasoning major, Ajinomoto will be investing US$84.9 million (MYR355 million) in relocating its Ajinomoto Malaysia Berhad (AMB) subsidiary to a new site in Bandar Enstek, Malaysia....

Ceres Global completes acquisition of Canadian Delmar Commodities

20 Aug 2019

CANADA – Ceres Global, a global agricultural, energy and industrial products merchandising and supply chain company has completed its acquisition of Manitoba, Canada based Delmar Commodities Ltd. According to Ceres,...

Crown Beverage opens new graphics studio to optimize packaging design

20 Aug 2019

USA - Crown Beverage Packaging North America, a business unit of Crown Holdings, has opened a new graphics studio in North America to help beverage brands expedite product launches. The...